WEG S.A. (Bovespa: WEGE3 / OTC: WEGZY) announces plans to manufacture wind turbines at its Hosur plant in India, as well as the company's entry into the Indian wind market. The company intends to upgrade its large electric motors and generator factory, in the state of Tamil Nadu, near Bangalore, to also manufacture 2.1 megawatt (MW) wind turbines.
WEG India existing factory has 35 thousand square meters of built area and approximately 490 employees. "The modular design of our manufacturing complex allows us to expand the company with reasonably low investments, in this case limited to certain devices and tools specifically used in the manufacture of wind turbines," explains Swapnil Kaushik, Managing Director of WEG India.
With capacity to absorb production of up to 250MW per year, as well as to produce the nacelles, generators and hubs, the Indian unit will be able to supply the first turbines in 2018. Meanwhile, the company will begin the commercial activities to capture supply contracts and also development of local suppliers.
According to Mr. João Paulo Gualberto da Silva, WEG’s Global Wind Turbine Managing Director, India presents very attractive conditions for the Company. "In addition to being the world's 4th largest wind power generation market, the country offers an excellent supply chain for wind turbines and very competitive production costs."
WEG´s entry into the Indian wind market was announced on April 25th in India during Windergy, a national wind energy fair held in New Delhi.